Capstone Turbine Names NewLoop Energy Its Distributor for Chicago and Portions of Illinois and Wisconsin
CHATSWORTH, Calif., Oct. 9, 2009 (GLOBE NEWSWIRE) -- Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:CPST), the world's leading clean technology manufacturer of microturbine energy systems, continues to expand its distribution network.
NewLoop Energy (http://newloopenergy.com/) will sell, install and service low-emission Capstone microturbines for use in hospitals, hotels, office buildings, manufacturers and other large commercial properties in Chicago, Northeastern Illinois and Southeastern Wisconsin.
NewLoop will focus on installations that use onsite power in a combined cooling, heating and power (CCHP) or combined heating and power (CHP) application.
In addition, NewLoop will work closely with landfills throughout the region interested in installing Capstone microturbines as a clean onsite energy source. Capstone microturbines use waste methane gas produced by decomposing garbage as fuel. Normally, landfills flare the waste methane, a greenhouse gas, into the atmosphere.
"Capstone products are ideal for use in combined cooling, heating and power applications," said Tim McAvoy, General Manager, NewLoop Energy. "The microturbines run on a variety of fuels and can easily integrate with other energy equipment. In addition, waste heat energy created by the microturbines as they produce electricity can be used to heat buildings. Or the waste heat energy can be run through an absorption chiller to create air conditioning or heating. Capstone turbines are a highly efficient, clean-and-green source of energy."
"Illinois, Wisconsin and the U.S. government have several rebate programs for green-energy systems," said Jim Crouse, Capstone Turbine's Executive Vice President of Sales and Marketing. "Because Capstone products significantly reduce greenhouse gas emissions and increase energy efficiency, they are candidates for these rebates, including a $3 billion fund created by the American Recovery and Reinvestment Act."
About Capstone Turbine Corporation
Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:CPST) is the world's leading producer of low-emission microturbine systems, and was the first to market commercially viable microturbine energy products. Capstone Turbine has shipped over 4,000 Capstone MicroTurbine(R) systems to customers worldwide. These award-winning systems have logged millions of documented runtime operating hours. Capstone Turbine is a member of the U.S. Environmental Protection Agency's Combined Heat and Power Partnership, which is committed to improving the efficiency of the nation's energy infrastructure and reducing emissions of pollutants and greenhouse gases. A UL-Certified ISO 9001:2000 and ISO 14001:2004 certified company, Capstone is headquartered in the Los Angeles area with sales and/or service centers in the New York metro area, Mexico City, Nottingham, Shanghai, Singapore and Tokyo.
The Capstone Turbine Corporation logo is available at https://www.globenewswire.com/newsroom/prs/?pkgid=6212
This press release contains "forward-looking statements," as that term is used in the federal securities laws, about the advantages of Capstone's products. Forward-looking statements may be identified by words such as "expects," "objective," "intend," "targeted," "plan" and similar phrases. These forward-looking statements are subject to numerous assumptions, risks and uncertainties described in Capstone's filings with the Securities and Exchange Commission that may cause Capstone's actual results to be materially different from any future results expressed or implied in such statements. Capstone cautions readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Capstone undertakes no obligation, and specifically disclaims any obligation, to release any revisions to any forward-looking statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.
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CONTACT: Capstone Turbine Corporation Investor and investment media inquiries: 818-407-3628 email@example.com
Released October 9, 2009